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Project Risk Management Guidelines: Managing Risk with ISO 31000 and IEC 62198 2nd edition


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Project Risk Management Guidelines: Managing Risk with ISO 31000 and IEC 62198 2nd edition

Paperback by Cooper, Dale (Broadleaf Capital International); Bosnich, Pauline (Broadleaf Capital International); Grey, Stephen (Broadleaf Capital International); Purdy, Grant (Broadleaf Capital International); Raymond, Geoffrey (Broadleaf Capital International, Australia); Walker, Phil (Broadleaf Capital International, Australia); Wood, Mike (Broadleaf Capital International)

Project Risk Management Guidelines: Managing Risk with ISO 31000 and IEC 62198

£58.95

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ISBN:
9781118820315
Publication Date:
7 Mar 2014
Edition/language:
2nd edition / English
Publisher:
John Wiley & Sons Inc
Pages:
432 pages
Format:
Paperback
For delivery:
Estimated despatch 28 - 30 May 2024
Project Risk Management Guidelines: Managing Risk with ISO 31000 and IEC 62198

Description

Risk runs through the fabric of any project. It is so intimately bound up in forecasting and decision making that it cannot be isolated or handled separately from other project management activities. Success can only be achieved if risk management is integrated closely with project management. Over the past decade, developments in risk management methods and standards have addressed the need to manage risk in a project in an integrated manner. This is a more natural way of working than past practices have been. It has beneficial effects on the practice of risk management and the way it is implemented in projects. This new edition of Project Risk Management Guidelines has been fully updated to include the new international standards that embody this principle, ISO 31000 Risk management and IEC 62198 Managing risk in projects. The book explains the standards and how they can be applied. It provides a clear introduction to basic project risk management, introduces the reader to specialized areas of projects and procurement, and shows how quantitative risk analysis methods can be used in large projects. Chapter by chapter, the authors present simple, practical steps and illustrate them with examples drawn from their extensive experience from around the world, in many different industry sectors and cultures and at all stages of projects from conception through development and into execution. Qualitative and quantitative approaches are covered. Traditional structures and processes are discussed as well as developments in the way projects are conducted, such as outsourcing arrangements and risk-sharing structures like public-private partnerships. Improved outcomes can be achieved when sound risk management is used to capture opportunities and reduce threats. Its unique focus and wealth of checklists, tables and other resources make this book an essential and enduring tool for anyone involved with project work.

Contents

About the Authors vii Foreword to the Second Edition xi Preface xiii Acknowledgements xv Introduction to Project Risk Management xvii Part I Project Risk Management: Principles and Framework 1 Chapter 1 Principles of Effective Project Risk Management 3 Chapter 2 Project Phases and Approval Decisions 9 Chapter 3 Framework for Managing Risk in Projects 23 Part II The Project Risk Management Process 33 Chapter 4 The Approach to Managing Risk in Projects 35 Chapter 5 Communication and Consultation 41 Chapter 6 Establish the Context 49 Chapter 7 Risk Identification 69 Chapter 8 Qualitative Risk Analysis and Risk Evaluation 77 Chapter 9 Semi-Quantitative Risk Assessment for Systems and Sub-Systems 95 Chapter 10 Risk Treatment 105 Chapter 11 Monitoring and Review 117 Chapter 12 Recording and Reporting 123 Chapter 13 Managing Opportunities 129 Chapter 14 Simplifying the Process 141 Part III Quantitative Risk Analysis for Projects 151 Chapter 15 Introduction to Quantification for Project Risks 153 Chapter 16 Cost Risk Assessment 173 Chapter 17 Schedule Risk Analysis 197 Chapter 18 Investment Evaluation for Large Projects 219 Chapter 19 Risk Analysis and Economic Appraisal 241 Part IV Extending the Process 251 Chapter 20 Contracts and Risk Allocation 253 Chapter 21 Case Study: Tender Evaluation 265 Chapter 22 Market Testing and Outsourcing 271 Chapter 23 Public-Private Partnerships and Private Financing 283 Chapter 24 Technical Tools and Techniques 303 Chapter 25 Managing Environment-Related Risks 323 Chapter 26 Climate Change 345 Part V Additional Information and Supporting Material 351 Chapter 27 Other Approaches to Project Risk Management 353 Chapter 28 Risk Management Process Checklist 361 Chapter 29 Worksheets and Evaluation Tables 365 Chapter 30 Examples of Risks and Treatments 381 Glossary 393 References 397 Index 401

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